News Snapshot:
Pilbara’s December quarter production report, released on Wednesday, underscores how the company has been able to use that golden period to shore up its business by lifting production to a more sustainable level, broadening its customer base, reducing its costs, and building a cash pile of $2.14 billion to provide a buffer against market ructions and fund further expansion. On Wednesday, Henderson also announced further measures to reduce spending, trimming capital expenditure and flagging a likely pause to dividend payments while the pricing environment remains poor. As such, he says Pilbara is well-placed to weather the current conditions, and there...
News Timeline:
Track the development of related news across the Internet.
